Slide 1: STRABAG SE January–March 2016 Results
STRABAG SE JANUARY–MARCH 2016 RESULTS 31 MAY 2016
Slide 2: Disclaimer
DISCLAIMER This presentation is made by STRABAG SE (the "Company") solely for This presentation contains forward-looking statements relating to the use at investor meetings and is furnished to you solely for your business, financial performance and results of the Company and/or the information. indu
Slide 3: Output volume sank by 9%
OUTPUT VOLUME SANK BY 9 % OUTPUT VOLUME (€M) 20,000 ● Declines in Germany and Poland due to unfavourable weather conditions 14,290 -9% 2,257 2,468 0 3M/16 3M/15 2015 ORDER BACKLOG (€M) 20,000 -8% ● Increases in the North + West segment, but 15,128 declines in the other two segments 13,977 13,135 0 3
Slide 4: EBITDA and EBIT less deep in negative territory
EBITDA AND EBIT LESS DEEP IN NEGATIVE TERRITORY EBITDA (€M) 900 816 ● Improvement due to lower burden from large-scale projects and from South-East European markets 13% -58 -66 -100 3M/16 3M/15 2015 EBIT (€M) 450 ● Depreciation and amortisation reduced by 6% 341 9% through the agreed sale of hydraul
Slide 5: Earnings per share again at € -1.14
EARNINGS PER SHARE AGAIN AT € -1.14 NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 2 156 1.52 0% 0% -117 -116 -1.14 -1.14 3M/16 3M/15 2015 3M/16 3M/15 2015 0.5% -200 -2 ● Net interest income at € -9 million (after positive figure in 2015 due to extraordinarily positive FX gains in Swiss
Slide 6: Lower balance sheet sum – equity ratio grew to 32.2%
LOWER BALANCE SHEET SUM – EQUITY RATIO GREW TO 32.2 % ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 3M/16 2015 (€m) 3M/16 2015 Intangible assets 509 511 Share capital 114 114 PP&E & investment property 1,877 1,895 Capital reserves 2,311 2,311 Equity accounted investments 370 373 Retained earnings 492 614
Slide 7: Higher increase of working capital
HIGHER INCREASE OF WORKING CAPITAL (€m) 3M/16 ∆% 3M/15 Cash – beginning of period 2,727 43 1,906 Cash flow from earnings -96 -23 -78 ∆ Working Capital -418 -391 -107 Cash flow from operating activities -514 -178 -185 Cash flow from investing activities -52 -58 -33 Cash flow from financing activities
Slide 8: North + West: Poland and Benelux contribute to higher order backlog
NORTH + WEST: POLAND AND BENELUX CONTRIBUTE TO HIGHER ORDER BACKLOG KEY INDICATORS COMMENTS (€m) 3M/16 ∆% 3M/15 ● Output volume down by 11% Output volume 992 -11 1,111 ● EBIT improved as burden from large-scale Revenue 965 -7 1,033 projects lowered Order backlog 6,209 5 5,928 ● Growth in orders driv
Slide 9: South + East: significant EBIT improvement
SOUTH + EAST: SIGNIFICANT EBIT IMPROVEMENT KEY INDICATORS COMMENTS (€m) 3M/16 ∆% 3M/15 ● Output volume slightly decreased (-4%), mostly in Output volume 611 -4 638 Hungary, Slovenia and RANC Revenue 575 -3 592 ● EBIT up by remarkable 24% Order backlog 3,673 -15 4,332 ● Order backlog substantially do
Slide 10: International + Special Divisions: declines in output volume in Italy and the Americas
INTERNATIONAL + SPECIAL DIVISIONS: DECLINES IN OUTPUT VOLUME IN ITALY AND THE AMERICAS KEY INDICATORS COMMENTS (€m) 3M/16 ∆% 3M/15 ● Output volume down by 9%, especially in Italy, Output volume 624 -9 683 Africa and the Americas Revenue 579 -11 654 ● EBIT down to € -25 million Order backlog 4,091 -1
Slide 11: What is to come
WHAT IS TO COME ● Output volume 2016 at last year’s level ● EBIT margin (EBIT/revenue) of 3% from 2016 onwards 3M/2016, May 2016 1 Page 11
Slide 12: STRABAG SE January–March 2016 Results
STRABAG SE JANUARY–MARCH 2016 RESULTS 31 MAY 2016